Maybe there would be more investment outside of London if the VCs or their owners didn't have such extensive interests in the London property market.
The level of venture capitalist (VC) investment being pumped into UK and Irish tech companies is now "reminiscent" of the early 2000s, with funding for the third quarter of 2014 double that of a year ago, according to research. In Q3, £363m was invested in in 88 deals worth more than £500,000, bringing the total for the year …
Monday 24th November 2014 14:10 GMT Anonymous Coward
Monday 24th November 2014 15:03 GMT Ledswinger
Re: In Q3, £363m was invested in in 88 deals worth more than £500,000
"Our facilities manager once joked that it costs a £1000 a year for the office space for a waste paper bin."
He wasn't joking. If you're talking about prime location, short term lease on a fully serviced basis, it will be around £1,400 a year per square metre. Allowing for a modicum of space to get past the bin and empty it he was bang on.